Csenge Advisory Group Sells 684 Shares of Mastercard Incorporated (NYSE:MA)

Csenge Advisory Group lessened its stake in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 12.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,739 shares of the credit services provider’s stock after selling 684 shares during the period. Csenge Advisory Group’s holdings in Mastercard were worth $1,757,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MA. Cranbrook Wealth Management LLC raised its position in Mastercard by 217.4% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 73 shares of the credit services provider’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Mastercard in the 4th quarter valued at $37,000. Tortoise Investment Management LLC raised its position in Mastercard by 71.4% in the 4th quarter. Tortoise Investment Management LLC now owns 132 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 55 shares during the last quarter. Blue Bell Private Wealth Management LLC bought a new position in Mastercard in the 4th quarter valued at $54,000. Finally, Wealth Quarterback LLC raised its position in Mastercard by 186.8% in the 3rd quarter. Wealth Quarterback LLC now owns 152 shares of the credit services provider’s stock valued at $55,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 74.94% of the company’s stock.

In related news, major shareholder Foundation Mastercard sold 106,330 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $333.03, for a total transaction of $35,411,079.90. Following the sale, the insider now owns 103,629,316 shares in the company, valued at $34,511,671,107.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 1,561 shares of the company’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total value of $569,765.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 327,543 shares of company stock worth $108,482,025. Corporate insiders own 0.33% of the company’s stock.

Several equities research analysts have recently commented on the company. StockNews.com assumed coverage on Mastercard in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $420.00 to $440.00 in a research note on Friday, April 29th. Barclays lowered their target price on Mastercard from $430.00 to $420.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. Morgan Stanley lowered their target price on Mastercard from $449.00 to $442.00 and set an “overweight” rating for the company in a research note on Thursday, April 21st. Finally, Raymond James lowered their target price on Mastercard from $453.00 to $447.00 and set an “outperform” rating for the company in a research note on Friday, January 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $420.76.

Shares of Mastercard stock traded up $5.77 during trading on Tuesday, reaching $335.50. The stock had a trading volume of 41,563 shares, compared to its average volume of 3,903,740. The company has a market capitalization of $326.32 billion, a price-to-earnings ratio of 34.31, a P/E/G ratio of 1.57 and a beta of 1.00. The stock has a fifty day moving average price of $349.44 and a two-hundred day moving average price of $353.00. Mastercard Incorporated has a 52 week low of $305.61 and a 52 week high of $399.92. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MAGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The credit services provider reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.59. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.90 billion. Mastercard had a return on equity of 133.72% and a net margin of 47.70%. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 earnings per share. On average, equities analysts forecast that Mastercard Incorporated will post 10.49 EPS for the current fiscal year.

About Mastercard (Get Rating)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

See Also

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAGet Rating).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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